Johnson & Johnson's offer for Guidant enters 2nd review

ChelseaBellows

SAN FRANCISCO (MarketWatch) -- Johnson & Johnson
JNJ, -0.84%
and Guidant Corp.
gdt
said after Friday's closing bell that the European Commission has decided to open a second phase review into the proposed acquisition of Guidant by Johnson & Johnson. The companies said they will continue to work closely with the European Commission to address questions that may arise during the course of the detailed review procedure. The Commission has 90 working days, subject to possible extensions, to issue an opinion on the matter. Both companies say they continue to expect the deal to close in the third quarter of 2005.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information.
All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
Intraday data delayed at least 15 minutes or per exchange requirements.